Who Becomes an Entrepreneur?
Seven research studies reveal the traits and experiences that influence the decision to start a business.
If you only have a few minutes to spare, here’s what investors, operators, and founders should know about who becomes an entrepreneur.
- The market misjudges you. Entrepreneurs may not be born but made. When employers underestimate (and undercompensate) a worker’s value, the rational decision for that person is to start a business of their own.
- You’re well-rounded. Though venture capitalists often talk about finding a founder that “spikes” on a certain dimension, those most likely to become entrepreneurs are well-rounded. A 2005 study from Edward Lazear suggests that the self-employed tend to be generalists, not specialists.
- Mental health issues run in the family. According to one study, entrepreneurs are much more likely to face mental health problems – both directly and in their broader family. Sufferers of bipolar disorder, ADHD, and OCD are all more likely to go solo.
- You survived a difficult childhood. Running a business is not for the faint of heart. It is perhaps not surprising then that childhood adversity may increase entrepreneurship rates. One 2021 paper analyzes this connection by observing a group that suffered extreme hardship: China’s Great Famine survivors.
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Πηγή: generalist.com
